Case filing & court posture: Zips Car Wash, LLC and nine affiliated debtors filed chapter 11 on February 5, 2025, in the Northern District of Texas, Dallas Division. Dkt. 1 Judge Harden presides. Case number 25-80069.
Liquidity & financing path: The debtors obtained an $82.5 million DIP facility from Brightwood Loan Services LLC, consisting of $30 million in new money and a $52.5 million roll-up of prepetition term loans. Dkt. 21 Interim and final orders authorized the facility to fund operations through the restructuring process.
Restructuring outcome: The debtors pursued a plan-based reorganization reducing debt by approximately $279 million. Dkt. 365 The Third Amended Joint Plan of Reorganization was confirmed on April 18, 2025, providing term loan claimholders with 100% of new equity plus $390 million in exit financing.
Plan effective date & post-confirmation: The plan became effective on April 30, 2025. Dkt. 417 A GUC Trust was established to administer approximately $806 million in general unsecured claims. Pete Nani was appointed CEO at emergence.
Current status: The reorganized debtor is operating post-emergence. The GUC Trust is actively administering claims and filing objections. The case remains open for plan administration and claims resolution.
